Search results
Results from the Go Local Guru Content Network
The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also some 55 acquisitions. The most substantial of these were the NALGO Building Society in 1960; the ...
The bank merged with the Britannia Building Society in 2009, increasing its branch network to 373 branches. [ 8 ] Following the UK government's acquisition of 43.4% of Lloyds Banking Group in 2009, the Co-operative Bank entered into negotiations with Lloyds Banking Group to purchase over 600 of its branches.
On 21 January 2009, Co-operative Financial Services and Britannia Building Society proposed a merger, with the new "super-mutual" being brought under the stewardship of The Co-operative Group. [4] On 29 April 2009 the merger, the first under the so-called Butterfill Act, was agreed by Britannia members. On 1 August 2009 Britannia Building ...
A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks ...
In August 2009, Britannia Building Society merged with Co-operative Financial Services (part of The Co-operative Group). Britannia initially continued as a brand, although owned by the Co-op. [5] In February 2011, Kent Reliance Building Society pooled its assets with American private equity bank J.C. Flowers & Co..
Successor. Nationwide Building Society. Headquarters. London, United Kingdom. The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London. [1] In 1970, it was renamed the Nationwide Building Society.
The difficulties stem largely from the commercial loans of the Britannia Building Society, acquired in the 2009 merger. [31] The Co-operative Insurance sold its life insurance and pensions business to Royal London releasing about £200M in capital, and planned to dispose of its general insurance business. Further financial restructuring was ...
(Editor's Note: T-Mobile has applied to construct a 60-foot cellular communications tower on the northwest corner of the existing Britannia building.) Find out what's happening in Northport with ...